News
The Dubai-based bank Mashreq has appointed Arabian Construction Company (ACC) to build its new headquarters building in Downtown Dubai. Mashreq will relocate from its current base near the Al Ghurair Centre in Deira to the new site at the junction of Financial Centre Road and Mohammed Bin Rashid Boulevard once construction of the tower completes….
The Dubai government is conducting a major survey of buildings across the emirate, intended to help establish a more detailed method of calculating rental and service charge increases in the coming years. In a statement on Sunday, the Dubai Land Department (DLD) said it was using advanced technology to overhaul outdated building classification processes. Using…
Total transactions to reach Dh300 billion in 2016, says DLD chief Contrary to the opinion of real estate experts of a decline in property transactions in Dubai in 2016, the emirate has registered transactions worth Dh68.48 billion in the first 53 days of 2016, showing signs of ‘thriving’ property market. “Investors are buying into the…
Starwood Hotels & Resorts has opened its new hotel W Dubai – Al Habtoor City on Sheikh Zayed Road. The new property debuts its lifestyle brand W in the UAE. W Dubai – Al Habtoor City is owned directly by Al Habtoor Group and feature 33-storeys of prime hotel space. The W Lounge on the…
Owning a home is a keystone of wealth… both financial affluence and emotional security.